U.S. Transportation Secretary LaHood Announces Initial $20.3 Million For North Carolina High-Speed Rail
WASHINGTON — In January, President Obama announced that North Carolina was awarded $545 million in American Recovery and Reinvestment Act (ARRA) funds to continue its development of high-speed intercity rail. Transportation Secretary Ray LaHood has announced that the U.S. Department of Transportation and the State of North Carolina have finalized a grant agreement for $20.3 million, the first installment of the $545 million awarded to the state. “President Obama’s bold vision for high-speed rail is a game changer for U.S. transportation,” LaHood said. “We’re improving North Carolina’s transportation infrastructure while putting people back to work. That’s a win for everyone.”